Global Aquaponics Market was valued at over US$ 489.04 Billion in 2016, and it expected to surpass US$ 909.48 Billion at a CAGR of 10.9% during the forecast period (2016-2022)

Aquaponics is a unique system developed by the combination of aquaculture (raising aquatic animals) and hydroponics (cultivating plants in water). It is the most efficient and effective way of producing natural food. Normally in aquaculture, the excretion from the aquatic animals increases the toxicity of the water. In aquaponics, the waste water from aquaculture is used in hydroponics wherein the animal waste in the water acts as nutrients for the vegetables to grow. The nitrifying bacteria breaks down the nitrogen into nitrates and ammonia which the plants use as nutrients. Once this process is completed and the waste is consumed by the plants, the water is circulated back for aquaculture system. Like any other farming technique, the aquaponics system varies in size and complexity based on the types of foods grown This report studies the current and future aspects of aquaponics market.

The report tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analyzing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the aquaponics market. The scope of this report covers the aquaponics market by its major segments, which include the types, applications, and the major geographic regions.

KEY BENEFITS OF THE REPORT

In-depth analysis of the market ecosystem and its impact on the revenue growth

Understanding of the strategies that are being adopted by the key players in this market to stay competitive

Valuable insights into the key technological and market trends impacting this market

KEY PREMIUM INDUSTRY INSIGHTS

The aquaponics market is growing at a rapid pace during the forecasted period because of its completely natural properties. Both the aquaculture and hydroponics techniques use natural resources for cultivation purpose, hence with minimal input resources a completed natural output is obtained.

There is a rise in demand for organic food, and people are opting for urban ways of farming which is promoting the growth of aquaponics market. This technique is highly cost-effective and, fastens the time for crop production. Moreover, the production can occur at any given time during the year under temperature-controlled environment.

These benefits contribute towards the growth of aquaponics market. In addition, this type of agriculture system favors environmental sustainability which is encouraging the farmers to opt for this style of farming, which is boosting the market growth further.

The aquaponics market is divided into five major geographical segments which are North America, Europe, Asia-Pacific, Middle East & Africa and Latin America. The North America region holds the highest market share and is the largest revenue contributor of the aquaponics market. The region is expected to continue growing at the same pace during the forecasted period because of advancement in technology and innovation in farming techniques. Key market players in this region are investing heavily into developing the farming techniques further, increasing the scope for growth of aquaponics market. Next in line is the Europe region, which is witnessing a fast-pace growth due to rise in demand for organic food among consumers. Overall the aquaponics market shall continue growing at a steady pace during the forecasted period.

RESEARCH METHODOLOGY

The research methodology for Scalar Market Research’s aquaponics market report utilizes a combination of top-down and bottom-up research formats. Our primary focus on continuous market tracking, rigorous fact-checking, data-triangulation, and multiple layers of quality control ensures high-quality data that can be leveraged for actionable research insights.